FM clears roadblock, bids to follow

The MMRDA is also in talks with certain lenders to explore the possibility of providing the option of soft loans to the bidders with a view that the viability gap funding component, which is not more than 40 percent of the project cost, can come down.

The MTHL, touted to have the longest sea link in the country, will be 27 metres wide with three lanes on either side besides an edge strip and a crash barrier. The crucial connector between Navi Mumbai and the island city is likely to carry 62,000 vehicles in 2019 with an estimated annual growth of about 5 per cent.

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